Joan works for Jefferson Movers in Alberta and earns an annual salary of $49,086.00 paid on a semi-monthly basis. She contributes 4% of her gross earnings to a Registered Retirement Savings Plan each pay. Joan pays $34.00 semi-monthly for union dues and receives a group term life insurance non-cash taxable benefit of $26.00 each pay. Her federal and provincial TD1 claim codes are 2 and she will not reach the annual maximums for Canada Pension Plan or Employment Insurance with this payment. Calculate Joan's net pay, following the steps in the payroll calculation template.
Joan works for Jefferson Movers in Alberta and earns an annual salary of $49,086.00 paid on a semi-monthly basis. She contributes 4% of her gross earnings to a Registered Retirement Savings Plan each pay. Joan pays $34.00 semi-monthly for union dues and receives a group term life insurance non-cash taxable benefit of $26.00 each pay. Her federal and provincial TD1 claim codes are 2 and she will not reach the annual maximums for Canada Pension Plan or Employment Insurance with this payment. Calculate Joan's net pay, following the steps in the payroll calculation template.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Ee.64.
Transcribed Image Text:Joan works for Jefferson Movers in Alberta and earns an annual salary of $49,086.00 paid on a semi-monthly basis. She contributes 4% of her gross earnings to a Registered
Retirement Savings Plan each pay. Joan pays $34.00 semi-monthly for union dues and receives a group term life insurance non-cash taxable benefit of $26.00 each pay. Her
federal and provincial TD1 claim codes are 2 and she will not reach the annual maximums for Canada Pension Plan or Employment Insurance with this payment. Calculate Joan's
net pay, following the steps in the payroll calculation template.
Gross Earnings
Non-Cash Taxable Benefits
Canada Pension Plant
Employment Insurance
Québec Parental Insurance Plan
Federal Income Tax
Provincial Income Tax
Total Deductions
Net Pay
▾
.
C
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